Market News Today 2019-02-04

2019-2-4 12:23 | By : Mex Group News

Market Briefing:

The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown.

The U.S. dollar Friday was set to post a second week of losses in a row despite analysts downplaying expectations the Federal Reserve won't hike rates this year after the economy created more jobs than expected last month.

Democrat Cory Booker says he will run for president in the 2020 election, joining a crowded field of candidates seeking the party's nomination.

Secretary of State Mike Pompeo announced Friday that the US is suspending the Intermediate-Range Nuclear Forces Treaty, a key pact with Russia that has been a centerpiece of European security since the Cold War.

Oil ended higher Friday, feeding a gain for the week as U.S. sanctions on Venezuela's state-owned oil firm raised the risk of tighter crude supplies and a recent survey showed a considerable monthly decline in OPEC production.

Gold ended lower on Friday, with a better-than-expected U.S. jobs report and upbeat domestic manufacturing data dulling investment demand in the haven metal.

The Dow racked up its sixth weekly gain on Friday after data showed the U.S. economy created more jobs than expected last month.

As another round of trade talks between the US and China concluded, President Donald Trump said a sweeping agreement was possible that includes his demands for Beijing to change its economic policies.